What Else Would $240 Million Buy?
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What Else Would $240 Million Buy?
If not a penthouse on Central Park South, where would you put the money?
Kenneth Griffin, a hedge fund billionaire, set a record last month when he paid $239,958,219.15 for a 24,000-square-foot penthouse on Central Park South, making it the most expensive home in the United States.
That amount of money could pay a year’s worth of rent on 6,254 apartments in Manhattan, at last December’s median rent of $3,197 a month. Or it could buy 973 homes, at the current American median sale price of $246,500.
What else is worth about $240 million?
The Hope Diamond, for one, considered priceless by its caretakers at the Smithsonian Institution, but reportedly insured for $250 million. Or the gross domestic product of the Marshall Islands, which was $230 million in 2018, according to the International Monetary Fund. Here are some other big-ticket items in the same ballpark.
THE HOPE DIAMOND
$250,000,000
Its insured value
OCTOPUS
$200,000,000
The estimated value of the yacht
that belonged to Paul Allen
MASTERPIECE
$250,000,000
Paul Cézanne’s “The Card Players”
ATHLETIC CONTRACT
$240,000,000
Signed multiyear deals for
Robinson Cano and Albert Pujols
G.D.P.
$230,000,000
The gross domestic product
of the Marshall Islands
EDUCATION
$230,000,000
The cost of sending about 850 students
to Harvard for four years
470 PARK AVENUE SOUTH
$245,000,000
301,178-square-foot commercial
building that sold in 2018
11 PRIVATE JETS
$21,000,000
for a Learjet 85
10 COLLECTIBLE WATCHES
$24,000,000
for the Henry Graves
Supercomplication timepiece
5 RARE SPORTS CARS
$48,400,000
for a 1962 Ferrari GTO
4 CHAMPION RACEHORSES
$70,000,000
for Fusaichi Pegasus,
2000 Kentucky Derby winner
ATHLETIC CONTRACT
$240,000,000
Signed multiyear deals for
Robinson Cano and Albert Pujols
THE HOPE DIAMOND
$250,000,000
Its insured value
OCTOPUS
$200,000,000
G.D.P.
$230,000,000
The estimated value of the yacht
that belonged to Paul Allen
The gross domestic product
of the Marshall Islands
MASTERPIECE
$250,000,000
Paul Cézanne’s “The Card Players”
EDUCATION
$230,000,000
The cost of sending about 850 students
to Harvard for four years
470 PARK AVENUE SOUTH
$245,000,000
301,178-square-foot commercial
building that sold in 2018
10 COLLECTIBLE WATCHES
$24,000,000
for the Henry Graves
Supercomplication timepiece
11 PRIVATE JETS
$21,000,000
for a Learjet 85
4 CHAMPION RACEHORSES
5 RARE SPORTS CARS
$70,000,000
$48,400,000
for Fusaichi Pegasus,
2000 Kentucky Derby winner
for a 1962 Ferrari GTO
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Published at Fri, 01 Feb 2019 09:55:03 +0000
